Innovation News

Trenton, NJ - Wait, aren't unicorns supposedly a myth? The term, coined in 2013, means startups valued at $1 billion or more. In 2011 there were six; in 2014 there were 33 and there are 32 so far this year. The average age of these "startups" is between six and eight years old, and have been through multiple rounds of venture funding, but have not yet gone public. Some well-known firms are included in this rarified company, including: Airbnb, Dropbox, Pinerest, Snapchat, Square and Uber. By the way, the average employment at these Unicorns is almost 700.

For the report: ​http://pitchbook.com/2015VC_Unicorn_Report.html?utm_source=September+2015&utm_campaign=September+2015&utm_medium=email